The First Blockchain-based Platform To Trade Food and ... - ChainTrade

contract or binding legal commitment in relation to the sale and purchase of the ..... futures contracts are financial contracts that give the buyer an obligation to.
2MB Sizes 5 Downloads 94 Views
The First Blockchain-based Platform To Trade Food and Raw Materials

WHITE PAPER v 0.82 October 2017 [email protected]

This document (this “Whitepaper”) is for informational purposes only and does not constitute a prospectus or offer document of any sort and is not intended to constitute an offer of securities or a solicitation for investment in securities in any jurisdiction. You are advised to read this document carefully in full, and perform due diligence.

1

IMPORTANT NOTICE PLEASE READ THIS SECTION AND ALL THE FOLLOWING SECTIONS CAREFULLY. IF YOU ARE IN ANY DOUBT AS TO THE ACTION YOU SHOULD TAKE, YOU SHOULD CONSULT YOUR LEGAL, FINANCIAL, TAX OR OTHER PROFESSIONAL ADVISOR(S). This Whitepaper does not constitute an invitation or inducement to engage in any investment activity nor form part of any opinion on any advice to sell, or any solicitation of any offer by the distributor/vendor of the CTT tokens (the “Distributor”) to purchase any CTT tokens nor shall it or any part of it nor the fact of its presentation form the basis of, or be relied upon in connection with, any contract or investment decision. The Distributor will be ChainTrade Tech Pte. Ltd. (“ChainTrade”). No person is bound to enter into any contract or binding legal commitment in relation to the sale and purchase of the CTT tokens and no cryptocurrency or other form of payment is to be accepted on the basis of this Whitepaper. Any agreement between the Distributor and you in relation to any sale and purchase of CTT tokens (as referred to in this Whitepaper) is to be governed by only a separate document setting out the terms and conditions (the “T&Cs”) of such agreement. The T&Cs can be accessed at https://chaintrade.net/terms. In the event of any inconsistencies between the T&Cs and this Whitepaper, the T&Cs shall prevail. You are not eligible and you are not to purchase any CTT tokens in the ChainTrade Initial Token Sale (as referred to in this Whitepaper) if you are a citizen, resident (tax or otherwise) or green card holder of the United States of America, or a citizen or resident of the Republic of Singapore, or a citizen or resident of the People’s Republic of China without prejudice to any other limitations set out in the T&Cs. No regulatory authority has examined or approved of any of the information set out in this Whitepaper. No such action has been or will be taken under the laws, regulatory requirements or rules of any jurisdiction. The publication, distribution or dissemination of this Whitepaper does not imply that the applicable laws, regulatory requirements or rules have been complied with. There are risks and uncertainties associated with the ChainTrade project and/or the Distributor and their respective businesses and operations, the CTT tokens, and the ChainTrade Initial Token Sale. For any assistance on the assessment of such risks, you are invited to consult your legal, financial, tax or other professional advisors. This Whitepaper, any part thereof and any copy thereof must not be taken or transmitted to any country where distribution or dissemination of this Whitepaper is prohibited or restricted. No part of this Whitepaper is to be reproduced, distributed or disseminated without including this section.

2

Introduction ChainTrade is the first blockchain-based platform for the trading of futures and options on food and raw materials (aka commodity derivatives). We aim to revolutionize a global market representing more than 2 trillion USD of trade per annum, by providing a decentralized platform that will be open to all, allowing small and big players to take part in the trade. By utilizing blockchain technology, artificial intelligence, and Smart Contracts (as defined below), ChainTrade’s lean and efficient platform will dramatically lower the fees in comparison to the existing commodity exchanges, making it easier and more profitable for all stakeholders to trade derivatives on food and raw materials. All traders worldwide will have equal access to the plat